China Steel (2002) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in all material respects, in accordance with IFRS and local regulations.

• Revenue from the steel department accounted for over 70% of total operating revenue, with revenue recognition identified as a key audit matter due to market demand fluctuations.

• The audit opinion is unmodified, and the audit was conducted in accordance with ROC standards.

Financial highlights

• Operating revenue for 2025 was NT$317.2 billion, down 12% year-over-year from NT$360.5 billion in 2024.

• Gross profit dropped to NT$9.0 billion in 2025 from NT$15.1 billion in 2024.

• Net loss for 2025 was NT$3.5 billion, compared to a net profit of NT$3.9 billion in 2024.

• Basic and diluted EPS for 2025 were both NT$(0.29), versus NT$0.13 in 2024.

• Total assets at year-end 2025 were NT$673.8 billion, with total liabilities of NT$343.9 billion and equity of NT$329.9 billion.

Outlook and guidance

• The company proposed a 2025 cash dividend of NT$0.15 per ordinary share, subject to shareholder approval.

• The company continues to monitor the impact of new IFRS standards effective in 2026 and 2027, with no material impact expected.